The Seventh Circuit affirmed an almost $3M judgment against the defendants under fraudulent transfer, successor liability and alter ego rules in Center Point v. Halim, 2014 WL 697501. The plaintiff energy company entered into a written contract to supply natural gas to defendants’ 41 Chicago area rental properties. The individual defendants – a husband and wife – managed …
Category Archives: Remedies
Settlement Agreement Construed Like Any Other Contract
This one naturally resonated with me as I’ve experienced how time-consuming and expensive it is to monitor and enforce a settlement agreement that, in theory, ended the case. In Sprint Nextel v. AU Electronics, Inc., 2014 WL 2580, the parties executed a written settlement agreement ending litigation involving defendants’ illegal sale of Sprint cell phones. The agreement required …
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Partnership Dissolution: Illinois Basics
Cross v. O’Heir, 2013 IL App (3d) 120760 spotlights a dispute over the division of partnership property. The plaintiff’s husband (who died before lawsuit was filed) entered a written partnership with the defendant to develop property. A few years later, and unbeknownst to plaintiff’s husband, the defendant signed a cross-easement agreement with some adjacent owners to provide vehicle and pedestrian access over three parcels …